Acorn Re Ltd

Global reinsurance firm Hannover Re is bringing the seventh catastrophe bond offering in the annual parametric US earthquake risk series of deals, with an initial $200 million target for an Acorn Re Ltd. (Series 2026-1) issuance, Artemis has learned.

The sixth transaction in the Acorn Re parametric earthquake catastrophe bond series from global reinsurance firm Hannover Re has now been finalised so that this Acorn Re Ltd. (Series 2025-1) transaction will provide $240 million of protection, while the spread paid to noteholders will be below the initial price guidance.

The sixth transaction in the Acorn Re parametric earthquake catastrophe bonds from global reinsurance firm Hannover Re looks likely to increase in size and price down, with this Acorn Re Ltd. (Series 2025-1) transaction now targeted at between $225 million and $275 million in size, with lower spread guidance.

There is a sixth transaction in the Acorn Re parametric earthquake catastrophe bonds from global reinsurance firm Hannover Re in the market, with this Acorn Re Ltd. (Series 2025-1) issuance currently offering $200m of notes to cat bond investors, Artemis has learned.

The Acorn Re Ltd. (Series 2024-1) parametric earthquake catastrophe bond issuance has now been priced and its details finalised, with the issuance successfully upsized to provide $450 million of protection, while pricing was fixed below the initial guidance that was offered, Artemis can report.

We’ve learned that the targeted issuance size has increased to as much as $450 million for the Acorn Re Ltd. (Series 2024-1) parametric earthquake catastrophe bond issuance, while at the same time the price guidance has been lowered to below the initially offered range.

There is a new parametric earthquake catastrophe bond transaction in the market, the fifth in the series of Acorn Re deals. But for the first time this $400 million Acorn Re Ltd. (Series 2024-1) issuance features two tranches of notes, each with a different duration of coverage, Artemis has learned.

The notes from the Acorn Re Ltd. (Series 2023-1) parametric earthquake catastrophe bond transaction have now been priced and in the end will only provide its sponsor $150 million in protection, so falling short of its upper-target, with pricing seeming to be prioritised.

The recently launched and still in the market Acorn Re Ltd. (Series 2023-1) parametric earthquake catastrophe bond transaction has had its target lifted to now as much as $175 million, while at the same time the pricing has been slashed.

A new parametric earthquake catastrophe bond transaction with a $100 million initial target, named Acorn Re Ltd. (Series 2023-1), will be the first in this series where its coverage will overlap with an existing issuance, presumably reflecting a desire to stagger maturity of catastrophe reinsurance coverage for the beneficiaries.